O.K. folks, I've been prodded to take the soapbox<g>. Those that know me, know I don't try to pretend I know everything (or anything for that matter...), but, it has become quite obvious that with the recent price spike in ACCY, adrenaline runs wild and sometimes perceptions do likewise. Here's my take:
1) Bob is right. Brian was a BOD member of ACCY, but, as of **October 20, 1997 he was no longer. **Date of press release
2) The above is not "new" news. Read post # 154 & 157. Way back in the "olden days" I and several others knew who Brian was and the fact that he had been on the BOD for NAMX.
3) Brian has already stated his reasons for the alias.
4) I've always found Brian's/John's posts to be informative, insightful, and face facts folks- "Straight from the horse's mouth" you can't get better insight. (NOT inside, INSIGHT.
Brain a hypster? Yeah right, I sold out a week before the latest run-up. Good job hyping it Bri.........................
5) Why the run-up? Wake up people. This puppy jumped on no news. This was a very good momentum play. I don't mean to imply that the stock is without merit, but, look at the big picture. How many weeks was this stock stuck at $.20 knowing we had two of golf's greats already on board? All of a sudden we get a location change and boom! Volume and price go bananas. The only difference between last November and today is that today we have two players signed instead of one.
6) Like Brian stated in an earlier post, do the math. IMHO, ACCY is not worth the current float X price. However, like EPS, do we believe that it is undervalued for the future? That's the secret. If you are basing your purchase decisions on present fundamentals, you have no business being in "pennies". But, if you believe that it's a bargain for the future, then you better load up. I, myself, will not stick my neck out on that one.<BG> I will admit, however, I'm disappointed I didn't hang on a little longer for the latest run-up. So, in effect, yes there are some sour grapes involved. :-)
7) Latest press release? Somewhat disappointed. For those that have been in since the beginning, you probably share my sentiment. MONY
is not new. MONY was announced as a sponsor late last year. Granted, it is now finalized, but, that was pretty much a given back then IMO. Below is the previous release:
~~Notice the reference to Brian Bissett also~~~
AccSys Global Network Inc. Series Wide Deal With
Mutual of New York Near Completion
PR Newswire - October 20, 1997 17:05
ACCY %LEI %PER V%PRN P%PRN
Jump to first matched term
NEW WESTMINSTER, British Columbia, Oct. 20 /PRNewswire/ -- AccSys Global Network Inc. (OTC Bulletin Board: ACCY) today announced it is in final negotiations with Mutual of New York (MONY) regarding an ongoing series wide sponsorship of every event in the CLASSIC SERIES of professional golf tournaments.
"When we originally began talks with MONY, we were discussing holding a single event at one of their resort properties. We're excited to now be putting the finishing touches to a much larger sponsorship agreement than originally envisioned. It's also a strong statement of support for the CLASSIC SERIES from a sponsor that has been traditionally associated with the highest level of professional golf events," said Damian Loth, President of the
CLASSIC SERIES.The Company is also pleased to announce and to welcome David Marr III, and Damian Loth to the Board of Directors. The Company has accepted the resignations of Brian Bisset and Guy Gadbois from the Board and would like to thank both for their service to the Company over the past year.
SOURCE AccSys Global Network Inc.
/CONTACT: Damian Loth of AccSys Global Network Inc., 604-688-5539/
(ACCY)
8) After reviewing my post, I feel like I'm coming across to negative<G> So let me try and soften it up. ACCY, as I've stated many times in the past, has an excellent premis working
here with professional golf and tournaments. They also have the
people in charge to make it work. And that is when, I think all will agree, the "real" value of ACCY will be known. Timing, however, is their Achilles' heel. They can and most likely will pull it off- the question still remains. When?
Thanks,
Theo
getting off soapbox....................................... |
